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. >> all right, stuart, thank you. stuart: come and see us, thank you. the names are already being thrown around. president obama's cabinet is likely to get some new faces over the next few months. leon panetta, hillary clinton likely to leave. new at 10, you'll never guess the two people that could take their places. that will be at the top of the hour. new at 10. and investigations into general david petraeus's alleged affair continue to get bigger and much more complicated. general john allen, who was in line to become top commander in afghanistan, allegedly had his own improper communications with a woman named gel kejill kelly. why would that be, nicole? >> hi, we're looking at facebook at all of my tourists pass through. and looking at facebook, you remember the ipo in may. a $38 stock and barely holding the $20 line now, and it's to the down side this morning. and now when we're looking into the company, it turns out the shares are so heavily diluted. massively diluted because of the insiders compensation, to common shareholders, and obviously, th
. >> all right, stuart, thank you. stuart: come and see us, thank you. the names are already being thrown around. president obama's cabinet is likely to get some new faces over the next few months. leon panetta, hillary clinton likely to leave. new at 10, you'll never guess the two people that could take their places. that will be at the top of the hour. new at 10. and investigations into general david petraeus's alleged affair continue to get bigger and much more complicated. general...
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connell: thank you for that. the president obama scheduled to get the first of many meetings started right now. you have the same cast of characters to go shooting the same issues. chris eyre -- joins us now. when you try to bet on it as market participants are trying to do, this time, what side do you take? >> well, good question. i think this time we go into the negotiations ii the president has, you know, a slightly different situation than he had before. he is reelected now so he does not have to face voters again in a year a half or so. also, the republicans are in a situation where they will be faced with tax increases at the end of the year. the expiration of all these tax cuts will go away. that will shift the leverage in the favor of the president a little bit. connell: how does that affect the markets and what you do? it may very well be that a higher tax environment is the reality in the future is just a matter of what is the order of magnitude, is it rates versus limiting deductions and things like th
connell: thank you for that. the president obama scheduled to get the first of many meetings started right now. you have the same cast of characters to go shooting the same issues. chris eyre -- joins us now. when you try to bet on it as market participants are trying to do, this time, what side do you take? >> well, good question. i think this time we go into the negotiations ii the president has, you know, a slightly different situation than he had before. he is reelected now so he does...
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tracy: thanks, jeff. coming up, labor leaders calling for higher taxes on the rich after meeting with president obama at white house. gerri willis will talk to us about that story ahead. i'm sure she is outraged. >>> still ahead, bank of america challenging squares dominance in the market for mobile payments. we'll get a look at the new card swiper coming up. pretty cool. first, as we do every day at this time of day let's take a look how oil is trading. jeff flock was just talking about it. down 33 cents. $85.24 a barrel. metals, gold, silver down. copper unchanged. we'll be right back. [ male announcer ] you are a business pro. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and you...rent from national. because only nationalets you choosany car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. i'm going b-i-g. [ male announcer ] good choice business pro. good choice. go national. go like a pro. tracy: it is time to m
tracy: thanks, jeff. coming up, labor leaders calling for higher taxes on the rich after meeting with president obama at white house. gerri willis will talk to us about that story ahead. i'm sure she is outraged. >>> still ahead, bank of america challenging squares dominance in the market for mobile payments. we'll get a look at the new card swiper coming up. pretty cool. first, as we do every day at this time of day let's take a look how oil is trading. jeff flock was just talking...
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david: thank you, nicole. president obama starting a series of meetings on the nation's critical fiscal concerns. the first round with leaders supporting a stance a higher tax and spending priorities, so if any progress being made at all? rich edson with the very latest. >> we're getting closer, but this is silly stage they're laying off the options where they're willing to go. there were labor leaders, and it looks like they're on the same page. >> very committed to making sure the middle-class and workers don't end up paying the tabs for parties who did not get to go to. making sure social security, medicare and medicaid and beneficiaries don't get hurt. >> house speaker john boehner said the only way they will talk revenue is entitlement reform. republicans said what they want from a president is a serious proposal. >> when it comes the great economic challenges of the moment, saying that you want a balanced approach is not a plan. saying people need to pay their fair share isn't a plan. >> business executi
david: thank you, nicole. president obama starting a series of meetings on the nation's critical fiscal concerns. the first round with leaders supporting a stance a higher tax and spending priorities, so if any progress being made at all? rich edson with the very latest. >> we're getting closer, but this is silly stage they're laying off the options where they're willing to go. there were labor leaders, and it looks like they're on the same page. >> very committed to making sure the...
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neil: thank you, scott. there was a very loud badg bangn our studio, that are not michelle obama saying, what did you just say about the bacon burger, thank you, scott. >> thank you, neil. neil: devil could be in details, what if i told you, sticking to some that just removes, credits and allowance and deductions could cost republicans more and the rich a lot more. just sticking to what seems like a good headline after this. neil: i've been looking at this whole, are republicans caving or not? the president is insisting that taxes be raised on the rich, you heard speaker boehner say, all right i'm open to revenues, ii, ie, tax increases on the rich. here is where it gets tricky, it would remove a lot of very popular deductions, maybe limit them for upper income folks. but there is a possible that's republicans might end up having the rich pay more, by so torpedoing allowances and special breaks they would pay more than they would if the top rate back up to 39.6% under bill clinton. americans for tax reform d
neil: thank you, scott. there was a very loud badg bangn our studio, that are not michelle obama saying, what did you just say about the bacon burger, thank you, scott. >> thank you, neil. neil: devil could be in details, what if i told you, sticking to some that just removes, credits and allowance and deductions could cost republicans more and the rich a lot more. just sticking to what seems like a good headline after this. neil: i've been looking at this whole, are republicans caving or...